Broker vs Realtor – What’s the Difference: https://www.hauseit.com/broker-vs-realtor/ <br /> <br />Save up to 6% in Broker Commission: https://www.hauseit.com/fsbo-nyc/ <br /> <br />A Realtor is always a broker or agent because being licensed is a requirement for being a Realtor, but a broker may not always be a Realtor. That’s because Realtor is a trademarked, made up title used by real estate brokers who are members of the National Association of Realtors, otherwise known as NAR, the primary trade association for real estate brokers in the United States. <br /> <br />Essentially, being a Realtor means the real estate agent went one step further after getting licensed and joined the National Association of Realtors which is a private trade organization for real estate agents. <br /> <br />Are All Real Estate Agents Realtors? <br /> <br />No. Even though the National Association of Realtors boasts over 2 million members across the United States, not all real estate agents choose to join and become Realtors. There are many real estate brokers who choose to operate independently of the NAR. <br /> <br />With that said, most real estate agents are Realtors because most MLS systems across the country are operated by local Realtor associations, meaning that you have to be a NAR member in order to participate. Since the MLS is critical for a real estate agent to be able to do business, most agents do in fact join the NAR and become Realtors. <br /> <br />Difference Between Real Estate Salesperson and Broker <br /> <br />A real estate salesperson is the easiest type of real estate license to get, and does not require any prior experience. In New York, a real estate salesperson must simply complete a 75 hour pre-licensing course, pass a real estate school exam, and then pass the state exam, all of which are relatively easy. <br /> <br />In contrast, a real estate broker’s license is much harder to get. You typically need to work as a licensed real estate salesperson for at least 2 years and have completed a minimum number of deals to even qualify. Furthermore, you’ll need to take an additional 45 hour course and take an additional exam for real estate brokers. <br /> <br />As you can imagine, it’s much more difficult to become a licensed real estate broker vs just a licensed real estate salesperson. This is why the vast majority of real estate licensees that you’ll meet will be licensed real estate salespersons vs brokers. <br /> <br />Realtor vs Broker vs Agent – Which is Better? <br /> <br />Remember that a Realtor is simply a custom title used by members of the National Association of Realtors. Other than membership, there is no real difference between a Realtor and a broker or agent who is not a Realtor. <br /> <br />List with a Full Service Agent for 1%: https://www.hauseit.com/agent-managed-listing/ <br /> <br />#hauseit #hauseitnyc <br />https://www.hauseit.com
